Senior Accountant - Risk Finance at Ally Financial (Detroit, MI)

| Detroit, MI
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General information

Career area


Work Location(s)

500 Woodward Avenue, Detroit, MI, 601 S. Tryon Street, Charlotte, NC



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Posted Date

Monday, July 18, 2022

Working time


Ally and Your Career

Ally Financial only succeeds when its people do - and that's more than some cliche people put on job postings. We live this stuff! We see our people as, well, people - with interests, families, friends, dreams, and causes that are all important to them. Our focus is on the health and safety of our teammates as well as work-life balance and diversity and inclusion. From generous benefits to a variety of employee resource groups, we strive to build paths that encourage employees to stretch themselves professionally. We want to help you grow, develop, and learn new things. You're constantly evolving, so shouldn't your opportunities be, too?

The Opportunity

This is a critical role within the Risk Finance department and supports activities related to Ally's largest estimate on the balance sheet - the allowance for loan losses. The Senior Accountant is an important position on the team, with responsibility over the preparation of monthly accounting responsibilities, including the preparation of journal entries and components of Ally's financial statements. The Senior Accountant will also supporting the forecasting process for the allowance and provision, preparing materials and presenting to senior management and the Allowance for Credit Losses (ACL) Committee, and partnering with Finance and Risk business partners to understand changes in the allowance and provision expense that could have upstream and downstream impacts. This role provides broad exposure to various finance and risk roles company-wide.

The Work Itself

  • Assist in the preparation of the quarterly and year-end financial statements (10-Q/10-K).
  • Execution of certain monthly accounting close processes.
  • Support Ally's forecasting process by working with Finance and Risk business partners to aggregate information and communicate expectations for the allowance and provision expense by portfolio over the forecasted period.
  • Lead the preparation process leading up to the quarterly ACL Committee meetings which includes working with risk business partners to obtain data and prepare materials.
  • Maintain robust documentation which underlines the ACL Committee governance process that is audible and supportable and ensure SOX controls are strictly adhered to.
  • Support Risk Finance's accounting process including month end close (as necessary) and the identification and impairment calculation for retail auto loans that are determined to be troubled debt restructurings.
  • Evaluate and communicate expected impacts to the allowance associated with new products and acquisitions.
  • Utilize SAP and OneStream to support internal and external reporting requirements.
  • Support qualitative improvements in control operations to reduce / eliminate control deficiencies.
  • Assists in the resolution of accounting problems thru the appropriate channels leaders, to aid in the understanding of accounting activities.
  • Drive audit compliance within the areas for which you are responsible.

The Skills You Bring

  • 3+ years previous work experience in Accounting or related field preferred.
  • Bachelor's degree preferred (Accounting major preferred) CPA (or equivalent) and /or MBA preferred.
  • SAP experience preferred.
  • General technical accounting and/or functional skills for area of expertise.
  • Exhibit a strong work ethic and high degree of self-motivation.
  • Sound oral and written communication skills.
  • Ability to organize data, perform independent analysis, and provide explanations/conclusions to management.
  • Ability to work with limited supervision while applying previous experience to execute all but the most complex tasks.
  • Ability to lead small projects or contribute meaningfully to larger projects.
  • Comfortable interacting with other personnel in group or support staff from other departments; may interact with other internal and external personnel (i.e., external auditors, regulators) on specific projects or more complex tasks, usually under supervision.
  • SAP and OneStream experience preferred.
  • Advanced MS Excel (pivot tables, v-lookups, etc.) preferred.

How We'll Have Your Back

Ally's compensation program offers market-competitive base pay and pay-for-performance incentives (bonuses) based on achieving personal and company goals. But Ally's total compensation - or total rewards - extends beyond your paycheck and is designed to support and enrich your personal and professional life, including:
  • Time Away: competitive holiday and flexible paid-time-off, including time off for volunteering and voting.
  • Planning for the Future: plan for the near and long term with an industry-leading 401K retirement savings plan with matching and company contributions, student loan and 529 educational assistance programs, tuition reimbursement, and other financial well-being programs.
  • Supporting your Health & Well-being: flexible health and insurance options including dental and vision, pre-tax Health Savings Account with employer contributions and a total well-being program that helps you and your family stay on track physically, socially, emotionally, and financially.
  • Building a Family: adoption, surrogacy, and fertility support as well as parental and caregiver leave, back-up child and adult/elder day care program and childcare discounts.
  • Work-Life Integration: other benefits including LifeMatters® Employee Assistance Program, subsidized and discounted Weight Watchers® program and other employee discount programs.

Who We Are:

Ally Financial is a customer-centric, leading digital financial services company with passionate customer service and innovative financial solutions. We are relentlessly focused on "Doing it Right" and being a trusted financial-services provider to our consumer, commercial, and corporate customers. For more information, visit

Ally is an equal opportunity employer committed to diversity and inclusion in the workplace. All qualified applicants will receive consideration for employment without regard to age, race, color, sex, religion, national origin, disability, sexual orientation, gender identity or expression, pregnancy status, marital status, military or veteran status, genetic disposition or any other reason protected by law.

We are committed to working with and providing reasonable accommodation to applicants with physical or mental disabilities. For accommodation requests, email us at [email protected] Ally will not discriminate against any qualified individual who is capable of performing the essential functions of the job with or without reasonable accommodation.
More Information on Ally Financial
Ally Financial operates in the Automotive industry. The company is located in Detroit, MI, New York City, NY and Charlotte, NC. Ally Financial was founded in 1919. It has 11000 total employees. It offers perks and benefits such as Flexible Spending Account (FSA), Disability Insurance, Dental Benefits, Vision Benefits, Health Insurance Benefits and Life Insurance. To see all 87 open jobs at Ally Financial, click here.
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